BUY A PROPERTY
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There has never been a better time to purchase a Florida home. With low prices, low interest rates and an ever improving exchange rate homes can be bought at all time low levels.
It is totally a buyers market at its lowest point in history.
• Prices from under $190,000
• Low Bank Interest rates
• UK exchange rates getting back towards $1.70
• Lots of Bank Repos/Forcloseures, In fact homes are being given away
We have listed the running cost for a typical Florida home, this will vary depending on size of the home and purchase price.
Running Costs |
Per Month |
Per Month |
Per Year |
Per Year |
|
$ |
£@1.65 |
$ |
£@1.65 |
Mortgage |
$931 |
£564 |
$11,172 |
£6,771 |
Pool Service |
$85 |
£52 |
$1,020 |
£618 |
Lawn Maintenance |
$70 |
£42 |
$840 |
£509 |
Pest Control |
$30 |
£18 |
$360 |
£218 |
Cable TV |
$35 |
£21 |
$420 |
£255 |
Telephone |
$30 |
£18 |
$360 |
£218 |
Insurance |
$90 |
£55 |
$1,080 |
£655 |
Property Tax |
$450 |
£273 |
$5,400 |
£3,273 |
Electricity |
$220 |
£133 |
$2,640 |
£1,600 |
Water/Sewerage |
$40 |
£24 |
$480 |
£291 |
Management Fee |
$150 |
£91 |
$1,800 |
£1,091 |
Total Outgoings |
$2,131 |
£1,292 |
$25,572 |
£15,498 |
|
|
|
|
|
Renting out 30 weeks |
Per Month |
Per Month |
Per Year |
Per Year |
Income £500X30 |
$2,200 |
£1,257 |
$26,400 |
£15,086 |
Income $880x30 |
|
|
|
|
|
These figures are for Illustration purposes. Actual figures will vary depending occupancy prices, costs and mortgage interest and exchange rates.
Purchase price of $200,000 with 30% down |
